Jpmorgan Chase

ARTICLES ABOUT JPMORGAN CHASE BY DATE - PAGE 2

NEW YORK: JP Morgan Chase Chief Executive Jamie Dimon said he has been diagnosed with throat cancer but his condition is curable and will soon begin treatment while continuing to be "actively involved" in the banking giant's business. In a brief letter to his colleagues and shareholders, Dimon disclosed that the cancer was detected quickly and is confined to the original site and adjacent lymph nodes on the right side of his neck with no evidence of cancer elsewhere in his body.

In an interview with ET Now, James E Glassman, MD, JPMorgan Chase & Co, shares his views on the global economy as well as the US and Indian markets. Excerpts: ET Now: Are you a bit surprised with the bounce back that the US markets, especially the S&P, has exhibited of late? James E Glassman: Several weeks ago the markets were scared when they thought, incorrectly, that the Federal Reserve will be raising their fund rates, sooner than expected. This had a negative impact on the market.

NEW YORK: The US authorities are believed to be scrutinising the hiring practices of banking giant JP Morgan Chase in India, South Korea and Singapore following a probe into its activities in China regarding hiring children of powerful officials to win lucrative business deals. A report in the New York Times said that the federal investigation into the hiring practices of JPMorgan Chase appears to be expanding beyond China into other Asian markets. In a filing with Securities and Exchange Commission , the bank disclosed that the federal regulator and the Justice Department were now looking into "its business relationships with certain related clients in the Asia Pacific region and its engagement of consultants in the Asia Pacific region.

By Simon Johnson A new injustice plagues America, at least according to people who take the side of JPMorgan Chase and its CEO, Jamie Dimon, after the bank's tentative agreement to pay a record $13 billion to end civil claims related to its sales of mortgage bonds. The bank and its leader are now - it is claimed - subject to politically motivated prosecution. This is pointless whining, for three reasons. First, when pressed, advocates for big banks readily concede that "no one is above the law".

NEW YORK: India is pushing for further inclusion in JPMorgan Chase's emerging-market indexes in a move that Aberdeen Asset Management says could attract $19 billion in investment. Finance minister Palaniappan Chidambaram said after a speech in Washington on Thursday that the Reserve Bank of India is in talks with JPMorgan about getting the country's debt into additional benchmarks. The government will first need to dismantle registration and quota systems in which onshore bonds purchased by foreign investors are regulated, Aberdeen said.

MUMBAI: The composition of two new panels by the Reserve Bank of India signals governor Raghuram Rajan's determination to consign the old school of thought to the dustbin by providing a larger role for intellectuals from financial markets in shaping policy than bureaucrats. Officers from the finance ministry and public sector, who once dominated committees set up by regulators, are nearly absent. International banks such as JPMorgan, Citigroup and Nomura appear bigger in the new scheme of things than a State Bank of India, or a joint secretary.

NEW YORK: When the US Federal Reserve gave JPMorgan Chase approval in 2005 for hands-on involvement in commodity markets, it prohibited the bank from expanding into the storage business because of the risk. Five years later, JPMorgan bought one of the world's biggest metal warehouse companies. While the Fed has never explained why it let that happen, the US central bank announced last Friday that it's reviewing a 2003 precedent that let deposittaking banks trade physical commodities.

Dawn Kopecki & Michael J Moore "We are dead I tell you," Bruno Iksil, a London-based trader at JPMorgan Chase , messaged an associate on March 23, 2012. "It is hopeless now. " Iksil, a Frenchman who would soon become known as the London Whale because of the size of his trades, had lost $44 million on corporate-credit bets three days earlier and was down more than $500 million for the year. He and junior trader Julien Grout, under pressure from their manager, had tried to hide the extent of losses that would swell to more than $6.2 billion, the bank's biggest trading blunder ever.

In their important new book, The Bankers' New Clothes, Anat Admati and Martin Hellwig challenge a cherished belief of people who run big banks: equity is "expensive" and requiring banks to fund themselves with more equity (relative to their debts) will somehow slow the economy. This is what we hear from top executives as their central argument in the pushback against financial reforms. Jamie Dimon , the chief executive officer of JPMorgan Chase, for example, suggested last week: "I think all banks will have too much capital in two and a half years.

NEW YORK: Jamie Dimon , the chief executive officer of JPMorgan Chase & Co, said banks are accumulating more capital than they need as regulators push lenders to build equity. "I don't think it's just JPMorgan," Dimon said on Tuesday at a conference discussing the New York-based company, which disclosed plans to eliminate as many as 19,000 jobs. "I think all banks will have too much capital in two and a half years. And they're not going to know what to do with it. " Dimon, 56, has said excessive regulation could impede growth as international authorities and the Federal Reserve push banks to guard capital to better withstand another financial crisis.